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Bloomberg
Feb 26, 2014 9:00pm EST
democratic side and i am a democrat. they look at tax reform that will not only simplify the tax code. this is to simply pay our bills. >> let's talk about bills that specifically the kind that get printed. i must -- and the new chair is scheduled to testify tomorrow. >> what we will hear from her is a projection of the continues to recover. frankly, the fact that we have moved from washington being net negative on the economic recovery, maybe the neutral. that can be a positive aspect. a number of members will press on when we will see some additional relaxation and quantitative easing. >> is that what you're going to ask? are those the questions you'll ask? >> by the time they get down to me, i'm sure that they will be asked. one of the areas that i want to highlight is one of the coming fiscal crisis that we have to get ahead of her. we have now had a true billion dollars in student debt that exceeds credit card debt. we are starting to see the price diminish state and the federal support. with the rising college costs, we bought that off with debt. that is coming to an end. i would like
Bloomberg
Feb 26, 2014 7:00pm EST
answer. >> about 200 pages worth showed tax evasion. is match as $10 million was hidden assets. the vast majority of accounts were shielded from the irs. >> that brought the ceo and other top executives at swiss bank into the holes of congress. books are investigation chronicles the uneven and halting progress made in identifying u.s. taxpayers who cheated uncle sam by using offshore accounts. a bipartisan report that we're releasing today sites chapter and verse the failure to collect taxes owed and hold accountable the u.s. persons who evaded their tax obligations and the tax havens who helped them. we learned of one swiss anchor who met with the u.s. client over breakfast that he was luxury hotel and slept the luxury hotel and slept the client bank account statements in between the pages of a sports illustrated magazine. >> these alarming instances belong in a spy novel, not at one of the world's top tanks. you can say your call between two countries laws, but when you come to this country, you send bankers into the united states, set up an office in the united states, help u.s.
FOX Business
Mar 4, 2014 10:00pm EST
result of the obamacare fund. it doesn't say what jobs and it does raise taxes by $1.8 trillion. and we will expand opportunities for every american. >> republicans announcing the plan, saying that it will add more and to her $17.1 trillion debt over the next 10 years. on wall street it was a record breaking sunny day for stocks. the dow jones surging 228 points. the wilshire 5000 post about 25,000 for the first time ever, measuring the paper gains of $375 billion. bouncing back to 2.9% as investors stave off their safe haven investment. radioshack closing up 20% of its stores after the retailer reported weak holiday shares. plummeting 25% today. a reminder to listen to my financial report three times a day coast-to-coast on the sale network. for all of the days business marketing news, we are coming right back. please stay with us. lou: president obama and secretary kerry talking tough. vladimir putin's response. we have an author and attorney and foreign policy expert andrew mccarthy on the crisis and a triple digit rally on wall lou: israeli prime minister benjamin netanyahu warni
PBS
Mar 5, 2014 1:00am PST
new tax in the coming year? >>> tough turn around. the radio shack will close over 1,000 stores as it tries to stem a sharp slide in sales. can the troubled neighborhood electronics retailer reverse the trend in this ultracompetitive environment? all that and more tonight on "nightly business report" for tuesday, march 4th. >>> good evening, everyone. russia retreats and wall street gets a massive relief rally. investors bought up stocks after russian president putin pulled troops back from the border of ukraine, allaying worries about an imminent military showdown. the major averages surged 1.5% or more, posting their biggest gains so far this year. even setting a new record close for the s&p 500. now those sky-high gains wiped out all of yesterday's losses and even russia's stock market which lost 12% on monday rose more than 6% today. here's a look at the closing numbers. 9 dow soared 227 points, the nasdaq ended at a fresh 14-year high adding almost 75 points and the s & p jumped 28 points to 1873. that's a record high. over the commodities markets, what was up yesterday was do
Al Jazeera America
Mar 1, 2014 5:30pm EST
have a vote in congress or pay federal income tax. it has taken a backseat to the crisis front and center and puerto rico is in trouble and many that can are leaving. it has been nearly five years since making the leap of her life from puerto rico to virginia. >> i was a graphic design professional on the island. i had an apartment. my family close by and clients and so forth. >> today she owns a flooring company with her husband. she says a drying up economy left them no choice but to leave. >> we could see criminality was rising and the buildings were run down. >> one of the thousands educated puerto ricoians that left the island for work. >> in a lot of the businesses in the main avenues a lot of homes for sale. these are like in very nice neighborhoods and stay for sale for a long time and you see the grass growing and the trees and all of a sudden it is like the property is abandoned and this is it, either i move or i'm going to lose what i have here. >> for aech -- each of the for sale signs, junk status. that is the debt equal to more than 90% of the island's gross domestic
MSNBC
Feb 28, 2014 12:00pm PST
been writing about. this week is the new republican tax proposal coming specifically from congressman dave camp. and i got to tell you from my perspective, i was not expecting much from this proposal. i was expecting a lot more, you know, let's find an excuse to lower taxes on the rich and possibly raise them on the poor. i was really surprised by how serious this proposal was, how well thought out, the analysis done so far show it is it actually raises overall the tax burden a bit on the wealthy and lowers it in particular on the middle class. and overall, basically keeps the existing progress siivity of th tax company. i know there is stuff you and i don't love, but this is a serious proposal. do you think that we should use this as the basis to start negotiations on reforming our tax code? >> i personally think that it would be -- it would kind of scramble the politics for the mid it terms and also be a good idea on the merits for democrats to actually try to engage in the bill because it actually gets in to the mayor rove trrow of the actually try to engage in the bill
CNN
Feb 26, 2014 8:00pm PST
wants to close a tax loophole and wall street is fighting back. >>> plus, spike lee fired up, the film director unleashing a seven minute rant about race and real estate. the man who sparked the tirade. >>> breaking news out of arizona. the government expected to make a major announcement about the controversial bill that critics call anti-gay. let's go "outfront." >>> breaking news. much anticipated announcement from the arizona governor's office tonight. governor jan brewer will speak in this hour about the controversial religious freedom bill as it's called that's been sitting on her desk. it would allow businesses to refuse service to gays in the name of god. we've been following that story from phoenix. miguel, what's the reaction from people you're talking to tonight? >> reporter: the reaction is that the governor has now decided to make a statement in 45 minutes, 7:45 eastern time governor brewer will in her office make a statement regarding sb 1062. we have every expectation, as we have for a couple of days now, that she will veto that bill. the pressure from not only gay and l
Al Jazeera America
Mar 5, 2014 3:30am EST
priorities. it lays out how and where your tax dollars get raised and spent. president obama would like more of those dollars to go towards road construction, job training and preschool education next year. he wants to expand a tax break for lower income workers, and he wants to take away a tax break currently enjoyed by high-ear high-earning hedge fund types who earn most of their income from fees they charge investors. that's all i'm going to tell you at the moment about what is in this budget. instead, i want to you focus on what is wrong with the entire budget process in washington. formerly presidents present a budget to congress. president obama is a month late, but that's the least of the problems. then congress develops it's own version of the budget, and they vote on it by april 15th, sending it back to the president to be signed into law by then. this has not happened in years. keep in mind appropriating money to pay for things is the one thing that constitution actually requires congress to do. everything else is optional. there is a problem, unlike good wine, a federal
CNN
Mar 4, 2014 4:00pm PST
rid of the most outrageous tax loophole in america. will he actually do it this year? jeanne moos shows us the latest workout trend. >> nice job, nice job. so we talked about her options. her valuable assets were staying. and selling her car wouldn't fly. we helped sydney manage her debt and prioritize her goals, so she could really turn up the volume on her dreams today...and tomorrow. so let's see what we can do about that... remodel. motorcycle. [ female announcer ] some questions take more than a bank. they take a banker. make a my financial priorities appointment today. because when people talk, great things happen. make a my financial priorities appointment today. she loves a lot of it's what you love about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your
FOX Business
Mar 1, 2014 9:00pm EST
the 30 year olds have that yet they are taxed to pay for my health care. this is why i say americans should cut entitlements then medicare and social security will suck every penny from young people like jonathan. obviously you want spending reduced but at the wrestle institute they say the government should spend more. more? are you kidding? >> this is houseocl insurance works. with young people regardless of might be cyrus someday they will not be young people they get older every year someday they will be old people baby retirement security and health care. john: we take too much. >> i sustainable if we don't do anything with medicare will bankrupt the government. if we don't it will bankrupt every individual person. like turning medicare into a voucher increas health care cost. >>. >> those think tanks confused me. i think we should spend more with social security. they are working how they are supposed to. john: i want to scream at him. >> but the irony is they have less accumulated wealth and less savings. talk aboutncome inequality but we have government programs tha
Al Jazeera America
Feb 26, 2014 11:00pm EST
banks were the target of a senate committee. swiss banks in particularly. american tax cheats spent million. >> a report if a senate investigative committee, leers in the making. if you go through the pages james bond has nothing on the swiss banks. some senators say it's too real. as much as $12 billion hidden away. secret and none taxed >> top officials of credit swiss called before a senate panel accused of helping 19,000 u.s. customers evade taxes. in testimony their c.e.o. was contrite. >> the management team regrets despite the leading industry compliant members, we had swiss bank private bankers who may have convened american law. >> he blamed is small group. their methods from cloak and dagger. bank statements were slipped into the pages of sports illustrated, a client where they never left grounds, a remote controlled elevato with no but jobles. and after each traction account statements shredded. >> the jig is up. >> senators want client names. bank officials say they are squeezed. >> do you think you'll be convicted in a swiss court. will the swiss government convict you
CSPAN
Feb 27, 2014 7:00am EST
in 2009 instead of the failed obamacare. plan includes closing tax loopholes to help pay for projects. this is what they report in "wall street journal." lands to improve roads, bridges, and tunnels received a laid as president obama out a proposal for infrastructure upgrades, paid for by unspecified changes to the tax code. the question of how to pay for the work remains sticky. numbers of both parties have pointed to tax code changes as a financing source. the speaker of the house said we have to find funding mechanisms to fund our infrastructure needs. the hunt has been on for the last year to find the funding source. i wish i could report that we had found it, but we haven't. he also said that he and mr. obama discussed the country's infrastructure problems, but did not come to an agreement. mr. camp would raise money through a one-time tax on corporate overseas profits as part of a transition to a new international tax system. here is dave camp talking about his tax reform proposal. [video clip] >> we must enact real, meaningful tax reform. i am releasing a simpler, fair
FOX Business
Feb 27, 2014 2:00pm EST
income tax, better weather, close to latin america. melissa: speaking my language. i singing my song, speaking my language. i would love that. we would move to florida in a heart beat. you're doing incredible things in your state that would make other states very envious. looking amazon moving to tampa, bringing more than 1,000 jobs with it. 300 million in capital. time warner moving to tampa, with 500 new jobs. 500 million in capital investment. what did you have to offer them to get that done? >> we're a great state. no income tax and we're a right-to-work state. gateway to latin america. we have five million multilingual speakers. brand new university doing science technology, engineering and math. we're talking to companies every day and they are clearly moving. people are moving here but companies are expanding. yesterday i was with a technology company that is adding over 100 jobs just in technology. but even the non-technology companies are moving here because of our technology. hertz, 700 jobs. average income, $100,000. people want to be here. melissa: they do, but you're doi
MSNBC
Mar 6, 2014 12:00am PST
obama care website. to the now largely settled scandal at the irs over his treatment of tax exempt political groups. today issa drags the women at the center of that investigation back in front of his committee to give fox some prime time ready tape of her once again pleading the fifth and then going home. but the ranking member on that committee, democrat elijah cummings who has watched this unfold over the last three years could not take it any more. that played out in dramatic fashion, as he found himself shouting into a silent microphone, arguing with issa over whether or not he was entitled to speak. >> i have no expectation that ms. lerner will cooperate with this committee and, therefore, we will adjourn. >> chairman, i have a statement. >> we're adjourned, close it down. >> collusion of -- [ inaudible ] >> before our committee -- >> thank you. [ inaudible ] >> effectively and lying about enduring the election year. >> mr. cummings. >> he continued -- >> you heard your question. >> if you will sit down and allow me to ask a question. i am a member of the congress of the unit
Bloomberg
Feb 27, 2014 3:00pm EST
things, his new tax plan, and we will hear about it. stay with us here on "street smart." ♪ >> if you missed everything that happened during today's session, do not worry, in 45 seconds we will get you caught up on the only stocks you need to know about today. surging 25%cpenney after forecasting an increase in revenue. same-store sales will increase mid-singlets -- by digit percentage and gross margin will significantly improve this year. >> number nine, rbs shares down six percent as they report the biggest full-year loss since the bailout in 2008. the new ceo is trying to revive earnings by combining units, shrinking the investment bank and cutting jobs. likes number eight, blackstone. agreeing to buy 25% of gianni first half cheaper $287 million. this marks the end of a lengthy search for for saatchi family owners to find an investor. versace. motors.r six, general seven, general motors. up twober six kohl's, percent. toer jaffray continues recommend the shares and notes that the company management indicating on the inter--- earnings call it sees early success from a new loyal
CNBC
Feb 26, 2014 6:00am EST
accounts weren't reported for tax purposes to the irs. and the fed wants more information from troubled bitcoin exchange mt. gox, the "wall street journal" saying mt. gox received a subpoena from federal prosecutors in new york last month to preserve certain documents once the world's biggest bitcoin exchange mt. dpox has gone offline. the business is at a turning point, there's a lot of worry the entire business may be bankrupt and gone forever. the controversy surrounding mt. gox putting a lot of pressure on bitcoin prices, $597.75 is where things are trading now. that was a stock, almost like a stock, it's not a real currency sorry to say, joe. >> now you tell us. >> now. >> now you tell us. >> i am not a bitcoin fan. i believe electronic currency of some sort may flourish in some way. i don't know if bitcoin is the way. >> i thought you were a bitcoin advocate. if now your' saying -- >> i'm fascinated by the conversation around bitcoin. >> you know i'm needling you because you have talked about it a lot. i hope no one mistook what you were saying for like an endorsement. >>
CSPAN
Mar 4, 2014 7:00am EST
transit projects. they will pay for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone
CSPAN
Feb 26, 2014 4:00am EST
power through the spending caps of 2011 of the payroll tax holiday is indicative of the economy. of those such help to bring about the deficit reduction as a balanced approach to making progress to sustainability there were necessarily compounded by the sequestration in march and with the shutdown in october it took a large bite out of fourth quarter gdp growth as well. i will say more about fiscal policy and a moment but that it would be considerably less of a head wind in the years to come. before i move on to the more forward part of my talk i want to make one last point about the economy's progress to put it in a context of what we have seen at around the world with recovery from financial crisis. we know it is longer, harder, the more difficult and with that regard to prepare the united states to compare to the 11 other countries that winters systemic financial crisis as identified and what you see with the working age population and.it within four years which is considerably faster than the normal ted years verses' historic data. is a major -- the measure of the important ones
CNBC
Feb 27, 2014 3:00pm EST
else in america. he'll tell us where that is coming up. >> also, tax season is upon us. up next, john harwood explains why the income tax as we know it could be ancient history in 25 years. i hope he's right. aflac. ♪ aflac, aflac, aflac! ♪ [ both sigh ] ♪ ugh! ♪ you told me he was good, dude. yeah he stinks at golf. but he was great at getting my claim paid fast. how fast? mine got paid in 4 days. wow. that's awesome. is that legal? big fat no. [ male announcer ] find out how fast aflac can pay you at aflac.com. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-330-3136 now. optionsxpress by charles schwab. >>> welcome back. as we celebrate cnbc's 25th anniversar
MSNBC
Mar 4, 2014 1:00pm PST
decision if we're going to protect tax break for the wealthiest americans or or make smart investments to create jobs and expand opportunity for every american. >> among the proposal an end to the carried interest loophole which allows hedge fund managers to be taxed at a very low rate, spending $302 billion to repair the nation's roads and bridges, and closing the $4 billion worth of fossil fuel loopholes every year. the proposal includes an idea with historically bipartisan support. it's little known but highly effective tax rebate for the poor, earned income tax credit. yesterday in a 200-plus page report in the failures on poverty, budget chair paul ryan wrote, research finds that the best anti-poverty programs encourage work, programs like the earned income tax credit increase labor force participation. the president likes the earned income tax credit and paul ryan likes the earned income tax credit. so how did mr. ryan respond to the president's overture one day later? quote, this budget isn't a serious document, he said in a statement this morning, it is a campaign b
FOX News
Mar 2, 2014 12:00am PST
. well the same could be said about tax reform. everybody talks about it but no one does anything about it and for good reason. virtually every proposal put on the table gets just sliced to pieces by those who claim they want reform but it truly want only to protect their own tax status. congressman dave camp 067 michigan presented this tax reform proposal this week that immediately had some conservatives and some liberals all aflitter with criticism. the chairman's plan would simplify the tax code and make it so that 95% of passenger pairs would be able to do a short term tax form. it would lower rates but in exchange it would end some current deductions. most conservatives like to lower rates wu not ending the deductions. some have even condemned the plan for not having spending cuts. but let's be fair, the ways and means kmee that congressman camp chairs doesn't handle spending. the appropriations committee does that. his committee's responsibility isn't how to decide how to spend the money, just figure out how to get the money that we spend. personally i still prefer the fair tax. t
FOX Business
Feb 26, 2014 3:00pm EST
whether the bank felt wealthy americans dodge taxes. one banker reportedly even hid statements inside a sports illustrated credit suisse, that sports illustrated issue credit suisse admitting some of its employees crossed the line. the latest coming up. you hear all kinds of things in sports illustrated magazine. they're going low-tech. president obama wants to spend $300 billion to improve our nation's roads and transit systems would the program would be funded by reforming corporate taxes, not by instituting a new gasoline tax. without new spending the congressional budget office predicts the highway trust fund will run out of money for new projects as early as next year. folks actually stimulate the economy. we have seen that in past moments in history. we will see if that comes to pass but meantime back to the jump in home sales in january, hasn't quite been enough to inspire a broad rally. let's find out what is grabbing traders's eyes and ears at the stock exchange, cme group and nynex. we got this great number but it would be totally understandable people are confused be
PBS
Feb 25, 2014 7:00pm PST
interest rates. then on the government side we have less drag from tax increases and spending cuts than we had last year. so i think this year will be noticeably stronger than it was in 2013. >> let's get a quick thought on housing. i agree with most of what you said there bquibble with the ida that incomes are going up very much. there is i'm told a bit of a squeeze on affordability. incomes have not gone up enough to keep up with rising mortgage rates and rising prices. is housing going to slow markedly this year because of that? >> well, certainly affordability has declined from where it was a couple of years ago where we had mortgage rates at 3.25% and prices were down tremendously. however, prices are still down by about 1/5 from where they were at their peak in 2006. we are seeing some job growth, some income growth, and we do see lenders a little bit more willing to lend. so i think although affordability is down somewhat, it's still pretty good on a historical basis. and i think that will be enough to bring people into the housing market. >> thanks a lot, gus. appreciate your comin
CSPAN
Feb 26, 2014 12:00pm EST
been one of the most -- had one of the most negatively impacted taxes imposed upon one of its most dynamic job creators, the medical device industry. how ironic that you go to talk about creating jobs and economic growth, at the same time a proposal, a provision that was incorporated in the so-called affordable care act imposed a -- an egregious excise tax on not the profits but on the sales receipts of medical device companies simply as a pay-for for the obamacare act. as i said, indiana and minnesota, are home to many of the country's largest medical device manufacturers. in fact, my state of indiana exported more than $9.7 billion in life science products, including medical devices, and is second in the country, only to california, in terms of exports of life science products. so it's very important to our state and we have over 300 f.d.a. registered medical device manufacturers. some of them large, some of them small. they employ 20,000 hoosiers directly with an indirect support by nearly 30,000 more. so it's not a small thing for our state. it's one of the, pardon the pun, cut
CSPAN
Feb 25, 2014 7:00pm EST
. the tax policies, certainly we see this in the kind of tax breaks that are out there, does the oil industry need additional tax brecks? do they need to be -- their incomes, which are the largest profits in the world, do they need to be supplemented with american taxpayer money? right now they are. the big five, $6 billion a year of american taxpayer money, going to them. we talk about tax policy, we talk energy policy, but i want to focus this evening on these two issues. labor and education. leaving aseed the research issue, which is fundamental to future economic growth because you have to be ahead and that's where the research comes and the infrastructure, which i'll weave into this but i want to focus on labor and education. and i want to focus on a very important part of this equation. this very important part about the middle class. and those who want to be in the middle class. specifically, i want to talk about women. and i want to talk about a women's economic agenda. about why this is critically important. not just to women and their children and the families, but also to
FOX Business
Mar 4, 2014 6:00pm EST
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >> our mayor is a great guy, he's an excellent mayor. this is eric garcetti meeting some supporters. and there is you. [laughter] >> eric garcetti holding someone's baby, there is rob for the holding someone's baby. neil: not only is the toronto mayor popular there, but here as well. he's popular in toronto. his poll numbers are looking better. maybe because traumas economy is looking better. maybe thanks to the crazy mayor that cut taxes and rules and regulations. they are standing by loyal to achieve. a lesson for our president. it is time for no pain and no gain. got a message that is resonating with our big i? >> it's not resonating. it's one thing to give flowery speeches. at some point you must deliver. let's be honest. even people that are wholeheartedly behind obama -- [laughter] th
CSPAN
Mar 6, 2014 1:00am EST
some of these loopholes which are egregious. these offshore tax loopholes, that allow the most profitable corporations in the world to avoid paying taxes by shifting their intellectual property to tax havens. the loopholes that allow the hedge fund managers to be paying half of the tax rate that people who work for them pay. there are some unjustified tax loopholes in this tax code which we should close even if we had no deficit. given the fact we have real needs including security needs, which we much fun -- must fund adequately, there are places we can fund it. $26 billion for defense and 56 billion dollars overall so i hope we take the leap the administration has given us on this budget and fund the full 56 billion dollars. there will be differences how and whether we should do it. it seems to me to be absolutely clear that we need some bipartisan cooperation in order to achieve that. you three have been terrific in terms of your patients and we are grateful for your s ervice. smileary hale has a big on your face. we now stand adjourned with our thanks. [captions copyright n
PBS
Mar 4, 2014 6:00pm PST
the next fiscal year, totaling almost $4 trillion. it includes new tax hikes to offset additional spending for education and job-training. but republicans say it does nothing to address the nation's fiscal challenges. we'll discuss its approach to helping low income americans, later in the program. israeli prime minister benjamin netanyahu is warning the u.s. and the world against letting iran go ahead with any part of its nuclear program: he spoke in washington, a day after meeting with president obama. >> the leading powers of the world are talking about leaving iran with the capability to enrich uranium. i hope they don't do that because that would be a grave error. it would leave iran as a threshold nuclear power. >> woodruff: netanyahu also said that far from easing sanctions on iran, the world should increase them. he also urged the palestinians to recognize israel as a jewish state, if they really want peace. the process of removing syria's chemical weapons is picking up pace. the dutch diplomat overseeing the operation said today the assad regime has handed over six shipme
FOX Business
Mar 6, 2014 2:00pm EST
guilty to lying on mortgage applications on their tax forms. >> holding back one million dollars of earned income. now, what upsets me is i just talked to my friend bernard kerik. melissa: yes. >> former commissioner got involved with couple venal since, sent him away for five years. if these people are not put in jail for significant amount of time if bo dietl did that i would look at 20 to life. you know what? should put no exceptions. should go to jail. they did the crime because they cop out now. melissa: is this victimless crime? i mean they got a mortgage under false pretenses. lied on their taxes. from the government. >> held back claimed income. melissa: from the government. melissa: yes i pay every dime and i hate it. >> i thought bernie kerik was somewhat politically motivated. here is difference between putting bo dietl and these two clowns in jail. there is deterrent value putting bernie kerik in jail or bo dietl. melissa: i think there is deterrent. people watch the guys on television. we got to go. victimless crime, right. >> you make a million dollars, don't claim it
FOX Business
Mar 6, 2014 6:00pm EST
budget, is the president raising taxes. because there is little appetite for cutting the spending and so the only you can afford this is to keep hiking the taxes up. and that hits a limit and hits a wall. doesn't? >> yes, that is kicking the can down the road and what i think is that they have to bring this program back to the basics. you don't want a generation that is dependent. i've seen it my community and it's something that's problematic to all of us. but when you worry about the, you put a timeline on it. but it's not designed to be a permanent program. it is transitional and there has to be some transition from food stamps to jobs so that we all can be better. >> there is no strategy to get off of that. no program that is in place. >> and there's no strategy out of that. >> what is worse is that you have an administration that is hostile to the greatest generator of those jobs are going to give people the opportunity to live a life of dependency and one where they are self-sustaining and that is small-business development. you have taxes that are going to be increased on small
FOX
Mar 3, 2014 10:00pm PST
steepest sales taxes in the bay area. >> please don't tell me they're going to raise it again. >> the tradeoff that supporters say would be worth the sacrifice. >> he says he spotted a burglar in his backyard. >> i wasn't thinking straight. >> how a risky confrontation came to a dramatic end. >> after the break, mourning a classmate killed by a train. the fateful decision that cost a young girl her life. >>> critics call uber the wild west. some cities are looking to crackdown on how many vehicles are providing services through ridesharing apps. seattle is working to cap the number of uber, and lift cars on the road at any given time. amber lee is in san francisco, where one city leader says regulation might be enough to improve public safety here. >> reporter: holding a public hearing here at city hall thursday. he wants to discuss ways to regulate this industry. >> on a cold, wet night like this. people are anxious to get home. a quick tap on an app, such as uber, or lift can get you a ride. >> it tells me that there's an increase, due to prime time, and i would just confirm, and th
FOX Business
Feb 28, 2014 11:00pm EST
on results. >> including someone open to raising can taxes. cutting taxes. what wouldralph want to see? >> all opinions in the aren. let them compete. nothing off the table. i put 18 areas on people's minds that were taken off the table in 2008. and i still have them on the website. these ar issues on people's minds. they were taken off the table -- >> you're dead right about that. both parties drop the ball on the big issue. let me ask you about what i hear from business guys on left and the right about why they don't try politics. they said it is not worth the media scrutiny or tearing down -- you experience that for yurself running for president. in the public spotlight. you are doing what you do. i can understand why the hell with it. >> most of thm will. michael could buy the white house. it's smaller than his house. >> that's true. they don't have to dial for dollars. they don't to be ad hoc to commercial interest. they run for the conscience. and most of them are pretty narcissistic. and don't care. all you need is a few enlightened ones. i call it -- we always take from the
CSPAN
Mar 1, 2014 12:00am EST
safety, reduce crime and recidivism, and enhance justice and fairness, and save tax taxpayer dollars which is a win, win, win. states that have been successful in working in this area have looked at changes to their sentencing policies and the same way that legislation that i know you and mr. scott have cosponsored. and with regard to re-entry of ex-offenders. michigan, for example, through their prisoner re-entry initiative, has slashed their budget for corrections and has reduced the overall number of beds that are available. so there are lots of great ideas in the states and i'm starting to see them at the federal level. >> several mentions of mandatory minimums. how do this coincide with the smart on crimes approach. >> the legislative trends we're seeing in congress, with the smart sentencing act, starting to take that question head on. i was actually very positive -- a couple weeks ago i now you, mr. scott, were present at roundtable in which attorney general eric holder, senator mike lee, senator rand paul, participated in a discussion about these very issues, mandator
Bloomberg
Feb 25, 2014 9:00pm EST
two-year investigation into credit suisse's efforts to dodge the tax man. a hearing will feature top officials from the justice department. peter cook has got the details. credit suisse is about to have a very highlighted moment in the congressional spotlight. i cannot believe this is welcome to them. >> an unwelcome moment, to be sure. as you just detailed, four top executives at credit suisse will find themselves on the hot seat. about what they knew about the efforts to avoid paying taxes and what they have been doing at the bank to clean it up ever since. the report assembled by the staff of the senate's permanent subcommittee includes they employed a range of banking practices that facilitated tax evasion by u.s. customers. they had 22,000 customers with swiss accounts with $10 billion to $12 billion. the vast majority was undeclared to the irs. the investigation details the lengths to which the bank tried to shield its american customers. swiss bankers flew to the u.s. sometimes on tourist visas to recruit new clients. the bank helped create shell accounts to hide identities an
Bloomberg
Feb 26, 2014 8:00am EST
to not note -- that the committee that the bank's breakecutive did not help tax laws. the bitcoin industry doing damage control following the shutdown of a virtual currency exchange. they are assuring investors that their funds will not disappear. reports are out that hackers may have stolen more than $390 million in bitcoins. and the data breaches affecting has takenf shoppers its toll on target but fourth-quarter profits fell 46%. whoever, earnings beat estimates. -- faces more than 80 civil lawsuits on the data breach. julie hyman has more on target as well as a look ahead to jcpenney's results after the bell. she is looking at the entire troubled state of retailing today. here in the studio for the next hour, my guest house, restructuring guru who oversaw hostess brands and is now heading a wide range of companies that he will give his take on turning around retailers to overhauling taxes to hiking minimum wage. first, to you on this data breach and the impact on target. >> it definitely had an impact on target. not only did it take charge to fix the data breach, the bridge of
KICU
Mar 3, 2014 11:00pm PST
steepest sales taxes in the bay area. >> please don't tell me they're going to raise it again. >> the tradeoff that supporters say would be worth the sacrifice. >> he says he spotted a burglar in his backyard. >> i wasn't thinking straight. >> how a risky confrontation came to one of the best things about is that millions of people will qualify for financial assistance. for example, if you're a single person making less than $46,000 a year, or a family of four, earning up to $94,200, you may be eligible for premium assistance. the lower your annual income, the greater financial assistance you will receive. get answers, and get covered. find out if you're eligible and enroll now. at coveredca.com. >>> critics call uber the wild west. some cities are looking to crackdown on how many vehicles are providing services through ridesharing apps. seattle is working to cap the number of uber, and lift cars on the road at any given time. amber lee is in san francisco, where one city leader says regulation might be enough to improve public safety here. >> reporter: holding a public hearing here a
Al Jazeera America
Mar 1, 2014 7:00pm EST
being squeezed. the highway trust fund, getting $35 billion from federal tax and gasoline could run out of money because it's not enough to meet the roads and maintenance needs. congress needs to fund before september. but congress probably won't let it through. we say that because the president got nowhere when he tried something more ambitious in 2011, establishing a national infrastructure bank leveraging private investment to fund works across the county in transportation, water and energy. with an infrastructure bank they would solicit money from the private sector and guarantee loans, it's a joint public private model used by many, smacking of socialism to republicans in congress. america continues to suffer because of a lack of leadership on the issue. the concept of that national infrastructure bank is not new, but proposals to create one are gauging traction among lawmakers. we are spoke to the think tank focussed on public policy, asking why is it a good idea to turn the idea into reality. >> we have invested for too long in infrastructure, and as a result we see tension b
SFGTV
Mar 5, 2014 10:30am PST
more than a quarter of the goal. the other part is the tax review the estimate this comes from the economics impact analysis. it's 5.8 million of tax revenue for hotels and payroll but the hotel tax revenue in our report hotels already had a high occupancy rate from the america's cup event prior to that you'll see a 1 percent increase but they accounted for the depth people como her to see the america's cup that wouldn't have been here otherwise they've estimated 34 percent in tax revenue but not huge for the city so the loss was 6 million. to talk about the port. this is port capital expenditures. so in total supports in expenditures this is port fund is 23.3 million we worked the port on this. we didn't count they didn't count a lot of the expenditures that was a long-term benefit to the port. there's been discussion in the economic report where united states count the impact of the terminals we choose not to do that because they would have built this anyway not just for the america's cup benefit so in the same way we have 20 million of the port costs the port identified a long-t
CNN
Feb 26, 2014 6:00am PST
specifically there are discussions about subsidies for low-income people, there are talks about tax credits, there are talks about reducing the number on medicaid but allowing home to have vouchers so it depends on which alternative you're talking about. >> sure you'll talk much more about this later. jake tapper, many thanks. >> thank you. >>> other top stories we're following at 32 minutes past the hour, in arizona gay rights protesters say they will rally through the night as they call on the governor to veto a bill that is drawing national criticism. some lawmakers who voted for the bill proclaiming it protects religious rights. they are now seeking a veto citing new concerns over discrimination. >>> in the debate, yes, i heard all that but in the debate you hear arguments every day about this one is wrong, that one is wrong, and believed that kind of fit into my position that now when i look back on it, you know, they were right in what they were saying. i have friends in the democrat caucus that were warning me. but, you know, that was only the democratic caucus saying somethi
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